RE: Anyone managed access the article?27 Dec 2021 22:11
Here you go Jongle.
Similarly, hedge funds have built a 3.4 per cent position, worth £47 million, against Boohoo, which has suffered a two-thirds slump in its share price since the start of the year and which has issued a profit warning. Asos, a rival that recently parted ways with its chief executive and is subject to concerns about its growth in the United States, has 1.42 per cent of its shares on loan to Marshall Wace, an American fund.
Made.com, the online furniture retailer that was listed as recently as June, has a 2.11 per cent, or £11.8 million, bet against it despite already having lost 40 per cent of its float price after disappointing the City with another supply chain-related profit warning.
The biggest shorted retail stock is Kingfisher, the £7.2 billion owner of B&Q and Screwfix, with almost 4 per cent of its shares on loan, worth £286 million. Shares in Kingfisher are up 28 per cent in the past year and are 153 per cent higher since the start of the pandemic after lockdowns brought a boom in DIY. Analysts and hedge funds are wondering how long it will last.
PSquared Capital, a Swiss-based firm, has made a huge profit on its bet against THG, the ecommerce and technology business. The London-based AHL Partners now has a 0.5 per cent short against THG, while Qube Research & Technologies Limited, the quantitative hedge fund spun out of Credit Suisse, has a 0.78 per cent short.